SIMPLE INTEREST AND DISCOUNT - CNX

The total interest paid by First Simple Bank is the interest rate per period times the number of periods. In other words, the interest by First Simple Bank paid over 10 years will be: ... We will use the future value equation to find the interest rate for each option. Doing so, we find the return for Investment G is: FV = PV(1 + r) t. $150,000 ... ................
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